Home » Tag Archives: taxes (page 3)

Tag Archives: taxes

Internet sales tax bill in limbo after initially passing

The Mississippi House could be on track to reverse itself and eventually kill a proposed internet sales tax. House Bill 480 passed the House on Wednesday, despite opposition from some Republicans who said they oppose any new taxes. The bill would enforce sales tax collections for items sold over the internet, and would earmark the money for road and bridge ...

Read More »

Internet tax legislation passes House

By BOBBY HARRISON The Republican House leadership guided to passage Wednesday legislation to tax remote (internet) sales, but not without causing some consternation among members of the House majority. The legislation, which passed 79-38, would use the revenue generated from the tax for road and bridge needs, both on the state level and for counties and municipalities. Those voting against ...

Read More »

Southaven tax could renew with a twist — a way to erase it

Mississippi lawmakers could renew Southaven’s restaurant tax this year. And, they might give local residents a way to erase it. The Commercial Appeal reports the tax has been on the books for six years. It helps pay for parks and recreation projects. The Legislature can authorize restaurant and tourism taxes when local officials request them, and the taxes typically come ...

Read More »

Corporate tax collections main culprit in revenue decline

By BOBBY HARRISON JACKSON – Corporate tax collections peaked in Mississippi in fiscal year 2015 at $714.1 million, just as overall tax collections peaked for the state during the same time period. But the following fiscal year, overall revenue collections from taxes, assessments and earnings on state investments were $34.3 million less than the prior year. It marked only the ...

Read More »

State leaders ponder roads and bridges funding

By JACK WEATHERLY Gov. Phil Bryant and House Speaker Philip Gunn on Thursday told the Mississippi Economic Council that they are open for finding a way to fund a major overhaul of the state’s roads and bridges. But, as they have said numerous times before, neither Bryant nor Gunn favored raising it through increased taxation. Gunn said that as of ...

Read More »

Mississippi lawmakers vague on tax proposals for ’17 session

Mississippi’s Republican-led Legislature and GOP Gov. Phil Bryant enacted a substantial package of tax cuts during their 2016 session, with reductions phased in over several years. But leaders are vague about whether they will propose other tax changes during the three-month 2017 session that begins Jan. 3. “I wouldn’t expect any major overhaul,” said Senate Finance Committee Chairman Joey Fillingane, ...

Read More »

Mississippi joins fight for legal sports betting

Mississippi and several other states have joined New Jersey’s fight to legalize sports betting in a brief filed with the U.S. Supreme Court. The Clarion-Ledger reports Attorney General Jim Hood signed onto the brief submitted by West Virginia Attorney General Patrick Morrisey, as did the attorneys general of Arizona, Louisiana and Wisconsin. New Jersey in October appealed a lower court’s ...

Read More »

Report warns of possible tax subsidy for Kemper plant

A report released Tuesday warns Congress against tax changes that could subsidize Mississippi Power Co.’s Kemper County power plant by an additional $700 million to $4.5 billion. Environmental group Friends of the Earth and anti-subsidy group Taxpayers for Common Sense say members of Congress could try to enact changes before year’s end as part of a larger tax bill. Lukas ...

Read More »

Rankin Co. school superintendent, board discuss bond issue

Officials with the Rankin County School District are hoping the second time will be the charm, with a bond issue slated for early March. Five years ago a $169.5 million bond issue was rejected. Fifteen years have passed since voters last approved a bond issue, with more than 80 percent signing off on a $69 million proposal. A final plan ...

Read More »